Business Taxes Law Guide – Revision 2015

Sales and Use Tax Annotations

560.0000 UNITED STATES, SALE BY—"SURPLUS PROPERTY"

Annotation 560.0260

560.0260 Vessels—Sale by a U.S. Marshal. The sale of a yacht, by a U.S. Marshal, pursuant to an order of a federal court in an admiralty matter is a sale by an instrumentality of the United States. The purchaser of the yacht is exempt from use tax liability under sections 6402 of the Sales and Use Tax Law. 12/2/65.